HTT Signs MoU with India’s State of Andhra Pradesh

Hyperloop Transportation Technologies (HTT) signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board, to facilitate the development of HTT’s Hyperloop Transportation System in the state, said CEO and co-founder Dirk Ahlborn.

The proposed route for the Hyperloop is between the city centers of Vijaywada and Amaravati, which will potentially turn a trip of more than one hour into a 6-minute ride. The project will use a Public Private Partnership model with funding primarily from private investors.

This is the first agreement in India to put together a Hyperloop-based system, and will start with a six-month feasibility study starting in October, to help determine the best route between the two cities, reports socaltech.

Hyperloop One in India

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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